What is Atal Pension Yojana (APY)?
Atal Pension Yojana (APY) is a social security scheme launched by the Government of India to provide a defined pension to workers in the unorganized sector.
It offers a minimum guaranteed pension ranging from ₹1,000 to ₹5,000 per month starting at age 60, depending on the subscriber's contribution amount and entry age.
Who Can Subscribe to APY?
- Age: Must be between 18 and 40 years.
- Citizenship: Must be an Indian citizen.
- Bank Account: Must have a valid savings bank account.
- Tax Status: Should NOT be an income tax payer (Effective from Oct 1, 2022).
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APY vs NPS: Which is Better?
| Feature | Atal Pension Yojana (APY) | National Pension System (NPS) |
|---|---|---|
| Pension Amount | Fixed (Max ₹5,000/month) | Market Linked (No Limit) |
| Eligibility | Unorganized Sector (Non-Tax Payers) | Any Citizen (Including Tax Payers) |
| Returns | Guaranteed (~8%) | Market Linked (9%–12%) |
| Premature Exit | Difficult (Special Cases Only) | Partial Withdrawal Allowed |
Pension Slab & Return to Nominee
| Monthly Pension | Corpus Returned to Nominee |
|---|---|
| ₹1,000 | ₹1.7 Lakh |
| ₹2,000 | ₹3.4 Lakh |
| ₹3,000 | ₹5.1 Lakh |
| ₹4,000 | ₹6.8 Lakh |
| ₹5,000 | ₹8.5 Lakh |
How This Calculator Helps Your Planning
APY contributions depend heavily on your entry age. The earlier you join, the lower your monthly outflow. This calculator lets you compare scenarios instantly.
Contribution Check
Know exactly how much will be deducted based on your joining age.
Total Investment
Compare lifetime contribution vs nominee corpus value.
Pension Selection
Instantly compare ₹2,000 vs ₹5,000 pension cost.
Key Benefits of APY
- Guaranteed Pension: The government guarantees the pension amount. If actual returns are lower, the government bridges the gap.
- Spouse Benefit: The same pension is paid to the spouse after the subscriber's death.
- Corpus to Nominee: After the death of both subscriber and spouse, the accumulated corpus (up to ₹8.5 Lakhs) is returned to the nominee.